Faruqi & Faruqi Announces Investigation of EMC

Faruqi & Faruqi, LLP, a national securities firm headquartered in New York City, is investigating the board of directors of EMC Corporation for potential breaches of fiduciary duties in connection with the sale of the company to Dell Inc. for approximately $67 billion in a cash transaction.

The company’s stockholders will only receive $24.05 for each share of EMC common stock they own. However, at least one analyst has issued a price target for EMC stock at $34.00 per share.

The investigation focuses on whether EMC’s board of directors breached their fiduciary duties to the company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the company to the detriment of EMC’s shareholders.